Genworth Financial Wealth Management (GFWM), a subsidiary of Genworth Financial, Thursday announced the launch of its business transition services program, which includes lending services for advisers looking to expand their practices.
“We have developed business transition services to support advisers who are considering a transition in their business, whether they are looking to grow through acquiring another practice or are planning their eventual transition or retirement,” said Matt Matrisian, senior vice president and director of practice management for GFWM. “An important part of this program is the availability of lending for qualified advisers. We felt it meaningful to combine a lending offer with services and tools around transitions.”
GFWM is working with The Bancorp Bank, a wholly owned subsidiary of The Bancorp Inc., to provide access to financing for advisers who are committed to working with the Genworth platform and are looking for assistance with acquiring another advisory business.
To be eligible for the lending program, advisers must meet certain qualifications from both GFWM and The Bancorp Bank.
Advisers who have an established relationship with GFWM have access to the program’s educational materials and services. In-depth manuals, sample forms and agreements can assist with succession and transition planning, giving advisers an array of tools and services to build a customized plan. A group of experienced consultants is available to help advisers build and evaluate practice value, and develop effective strategies.
For more information, contact Genworth Financial Wealth Management at 800-664-5345.